diff --git a/actionpack/CHANGELOG b/actionpack/CHANGELOG
index d4cfc6edfaad2..4f32e3982295a 100644
--- a/actionpack/CHANGELOG
+++ b/actionpack/CHANGELOG
@@ -1,5 +1,7 @@
 *SVN*
 
+* Fixed that cached template loading would still check the file system to see if the file existed #258 [Andreas Schwarz]
+
 * Added options to tailor header tag, div id, and div class on ActiveRecordHelper#error_messages_for [josh]
 
 * Added graceful handling of non-alphanumeric names and misplaced brackets in input parameters [bitsweat]
diff --git a/actionpack/lib/action_view/base.rb b/actionpack/lib/action_view/base.rb
index 84c80407600d0..683cb8af6fecc 100644
--- a/actionpack/lib/action_view/base.rb
+++ b/actionpack/lib/action_view/base.rb
@@ -238,7 +238,8 @@ def full_template_path(template_path, extension)
       end
 
       def template_exists?(template_path, extension)
-        FileTest.exists?(full_template_path(template_path, extension))
+        (cache_template_loading && @@loaded_templates.has_key?(template_path)) ||
+          FileTest.exists?(full_template_path(template_path, extension))
       end
 
       def read_template_file(template_path)